Bull run is coming? - page 5. | Bitcointalksearch.org

kindbtc

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Quote from: timmmers on August 19, 2020, 07:14:36 AM

According to Binance CEO - CZ, activity on Binance exchange is higher than in December 2017. According to PlanB that created stock-to-flow model, the bull run is here, his claim is based on the value of RSI that is currently on 64 points. And the last positive claim comes from Goldstein that said that Bitcoin already has value more than $100,000 because there are statistically more people that will hold BTC to this level. Wink

We are already at the start of parabolic bull run and i think market and hodlers richly deserve it after hodling for so long especially in months and months of bearish market but still hodling deserves a big reward now in shape of bull run.

Cnut237

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The market has been bullish for quite a while now. The latest rally started when DeFi and anticipation of the 2.0 upgrade pushed ETH prices up. Other alts then followed, and finally bitcoin, too.
The 2018 bear has long gone. The initial downtrun from Covid-19 has gone too, the crypto markets have recovered quite well. But it remains to be seen whether the bullish sentiment will persist. World economies are going to struggle in the months ahead as the economic effects of lockdown start to be felt. The question we need to consider for the future is whether the crypto markets can remain immune to this.

othell_rogue

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If the question is the the one on the title, well like you already know bullmarket is already here, not as spectacular as the 2017 one but is here, there are some projects out there that did went 20-30x from March dip.

Regarding CZ tweet: I don't see him saying bullmarket is here, he only said:
"We are seeing ATH in terms of system traffic. Higher than Dec 2017. Should be interesting to see what happens next."

Which means only that a lot of people joining his exchange, maybe due to intensive marketing of binance exchange. Nothing more, nothing less.

jacafbiz

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I read the tweet also but there are some factor to considered now, if you look at Binance in 2017/2018 bull market, it was only offer one service but now they have many products on their exchange, so this could be one factor responsible for this and again some people visit one exchange for more that 10 times a day especially when Bitcoin price is moving up. Though it is o doubt that the bull market has arrived but I don't think we have react the level most people are suggesting just the euphoria of the DEFI market

erikoy

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I will not believe in much hype. This is the reason of so much believing where bitcoin market price falls and it turns out to be a market crash intstead for bitcoin. This is somehow an speculation and since it is a speculation I will not believe in it anymore. I am believing in myself the prediction I will going to make and if bitcoin will be having a bull run then that is a good thing to happen. No one will going to complain if it will going to happen. As we all know that there is nothing we like to happen in cryptocurrency and that is the bull run.

pikkie

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Quote from: r32godzilla on August 19, 2020, 08:09:29 AM

Again, I would be more cautious when a lot of good news come. As you can see today, there is a small correction, but how we can know that the trend is not changed and we are back into the bear market after some whales took profit? Roll Eyes

I don't think this seems like a small correction but it could just be that the whales are enjoying their luck and it will cause the cryptocurrency price on the exchange to collapse deeper and go back to basics so the whales can play their game smoothly.

Dart18

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Or it could just be a manipulative move.
That's an exchange. They will tell sweet things for people to come in especially if it is for their profit.
Might as well look for another reason into why a bull run will come which is doubtful because of economic fall and people trying to save their money for emergencies in this pandemic.

r32godzilla

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Again, I would be more cautious when a lot of good news come. As you can see today, there is a small correction, but how we can know that the trend is not changed and we are back into the bear market after some whales took profit? Roll Eyes

Thomas-s

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it would be very good if his words were true and he really knows about the onset of the bull market, but no one knows in advance what will happen in the market

Gozie51

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Quote from: pakhitheboss on August 19, 2020, 07:36:50 AM

You do no need to check so many models to understand when the Bull run will come. It is historically proven that by early September till end of December the market tend to be bullish.

I think in 2017, we had more of bull run from the beginning with some little correction, maybe that year was different but agreeably,, December happened to be the end of it as you rightly said.

Quote from: pakhitheboss on August 19, 2020, 07:36:50 AM

Binance exchange having high volume does not guarantee a bull run, cryptocurrency is not saturated to one exchange. There are other big exchanges with high volumes in the market.

Apart from binance making statement about the bull run, I think the market signals are indicating it too.

pakhitheboss

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You do no need to check so many models to understand when the Bull run will come. It is historically proven that by early September till end of December the market tend to be bullish.

Binance exchange having high volume does not guarantee a bull run, cryptocurrency is not saturated to one exchange. There are other big exchanges with high volumes in the market.

Convery

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Quote from: 20kevin20 on August 19, 2020, 07:32:00 AM

While I'm very bullish, Goldstein's argument falls short imo. Does the "statistical" thing say anything besides the fact that right now people are bullish on BTC? I'm quite sure that a lot of those who are holding right now until "up to $100,000" would sell in panic if BTC fell to $1k again.

This is a psyhcological thing, and such events do have a strong impact. There are way better arguments to use than the number of people who are now ready to hodl for a long time - especially as BTC has been steadily growing up in the last months. And then, what happens if BTC gets to $100k? Wouldn't a lot of those people sell and pull back the price?

Times change and emotional impacts are significant - and 2020 proved us this is as true as it can be.

I have read something about that and he talked about the fact, that more than half of Bitcoins didn´t move for 2-3 years from the wallets. But the question is, if these wallets belong to real holders, or the situation behind it is different? Wink

jerrison

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The bullrun is already here. Since mid-july till now, the price of Bitcoin and altcoins in general have been bullish with most of them doings as much as x4 on their prices. I see greens whenever i look through coinmarketcap.com site as investors are supposedly cashing out on a regular. I know that those who got in at twenty thousand dollars may not see this as anything compared to what they got in at but they should be hopeful.

timmmers

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Quote from: ryap12 on August 19, 2020, 07:18:16 AM

I dont think Binance alone can make an impact for a bull run. Binance right now offers so many services and that could be one reason for the increase of activities going on the exchange. Also other people who traded on other exchanges before must have learned lessons from scam exchanges and decided to transfer at Binance instead as they have become trust worthy despite getting hacked/robbed a few times. To summarize in my own point of view, Binance alone is not enough for a bull run. We need more people across the globe to invest in crypto.

I am not talking anything about the impact of Binance on the market. I am talking about the activity - number of trades and deposits is higher than in the last bull run and Bitcoin is only on 12 000USD price level. For someone, it could be a useful information how to deal with the market´s movement.

20kevin20

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While I'm very bullish, Goldstein's argument falls short imo. Does the "statistical" thing say anything besides the fact that right now people are bullish on BTC? I'm quite sure that a lot of those who are holding right now until "up to $100,000" would sell in panic if BTC fell to $1k again.

This is a psyhcological thing, and such events do have a strong impact. There are way better arguments to use than the number of people who are now ready to hodl for a long time - especially as BTC has been steadily growing up in the last months. And then, what happens if BTC gets to $100k? Wouldn't a lot of those people sell and pull back the price?

Times change and emotional impacts are significant - and 2020 proved us this is as true as it can be.

ryap12

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I dont think Binance alone can make an impact for a bull run. Binance right now offers so many services and that could be one reason for the increase of activities going on the exchange. Also other people who traded on other exchanges before must have learned lessons from scam exchanges and decided to transfer at Binance instead as they have become trust worthy despite getting hacked/robbed a few times. To summarize in my own point of view, Binance alone is not enough for a bull run. We need more people across the globe to invest in crypto.

timmmers

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According to Binance CEO - CZ, activity on Binance exchange is higher than in December 2017. According to PlanB that created stock-to-flow model, the bull run is here, his claim is based on the value of RSI that is currently on 64 points. And the last positive claim comes from Goldstein that said that Bitcoin already has value more than $100,000 because there are statistically more people that will hold BTC to this level. Wink

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